Polkadot price is hovering near its all-time low as the crypto sell-off accelerates and the fear and greed index remains in the extreme fear zone.
Polkadot (DOT) coin has crashed to a low of $3.60, where it has failed to drop below since December 2022. It has dropped by over 93% from its all-time high.
Polkadot has three potential catalysts that may push it higher in the longer run. First, the developers are working on the Polkadot 2.0 upgrade, its biggest since inception.
Polkadot 2.0 introduces three key concepts in the network: async backing, agile coretime, and elastic scaling. Async backing increases the parachain throughput by between 8x and 12x, while agile coretime allows flexible block space allocation. It has replaced the traditional parachain auctions.
The first two upgrades have already happened, with elastic scaling set to launch later this month. This feature, which is being tested in…
